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Yorck Frese, Flick Gocke Schaumburg This is an extract from the First Edition of GAR’s The Guide to High Net Worth Clients and Arbitration. The whole publication is available here. This is an Insight article, written by a selected partner as part...
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2024 cargo theft trends reveal a rapidly evolving landscape shaped by shifting criminal tactics and emerging targets. Food and beverage products were the most frequently stolen, accounting for 22% of all incidents, followed by agricultural goods at 10%, electronics at...
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BIMCO has recently taken the opportunity to revise its most widely used War Risks clauses for time and voyage charter parties and an overview of the main changes compared with the 2013 clauses is set out below. Members will see...
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One of the key principles of Protection & Indemnity cover is the ‘pay to be paid’ rule. This rule states that a Member is insured only for sums it has paid to satisfy covered liabilities, losses, costs, or expenses (unless...
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A shocking number of bulk carriers (as well as a few OBOs – ore/bulk/oil carriers) have been suddenly and catastrophically lost at sea in the last 30 years. Following are the names of some of those vessels, in alphabetical order:...
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The global shipping and freight industry has been sluggish with the adoption of electronic trade documentation, a key component of which is Electronic Bills of Lading. Although the carriers, solution providers, and in some cases the law are all ready, adoption,...
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That includes the name of the physical Russian cargo supplier who actually provided and loaded the cargo, whether direct onto Member’s vessel or via an STS operation. This is vital in order that Members are in a position to conduct...
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The English courts remain a reliable barometer of the pressures faced by the commodity industry globally as parties continue to rely on English law to resolve their disputes. Last year, the courts grappled with issues arising from Russian sanctions and...
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Reed Smith partners Nick Austin and Alex Brandt explore today’s challenges faced by the shipping industry and discuss key areas where we are likely to see the most activity in 2025, including sanctions, decarbonisation and legal developments in the courts....
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Winch Design Ltd -v- Carl Le Souef & another [2025] EWHC 120 (Comm) This was a dispute arising out of unpaid invoices for design services in relation to the manufacture of a luxury yacht. The judgment provides a helpful commentary on how an...
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